دورية أكاديمية
Economic Policy Uncertainty in China and Bitcoin Returns: Evidence From the COVID-19 Period.
| العنوان: | Economic Policy Uncertainty in China and Bitcoin Returns: Evidence From the COVID-19 Period. |
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| المؤلفون: | Chen T; Business School, Zhejiang University of Technology, Hangzhou, China., Lau CKM; Business School, Teesside University, Middlesbrough, United Kingdom., Cheema S; Business School, The University of Huddersfield, Huddersfield, United Kingdom., Koo CK; Business School, Shanghai University, Shanghai, China. |
| المصدر: | Frontiers in public health [Front Public Health] 2021 Mar 11; Vol. 9, pp. 651051. Date of Electronic Publication: 2021 Mar 11 (Print Publication: 2021). |
| نوع المنشور: | Journal Article |
| اللغة: | English |
| بيانات الدورية: | Publisher: Frontiers Editorial Office Country of Publication: Switzerland NLM ID: 101616579 Publication Model: eCollection Cited Medium: Internet ISSN: 2296-2565 (Electronic) Linking ISSN: 22962565 NLM ISO Abbreviation: Front Public Health Subsets: MEDLINE |
| أسماء مطبوعة: | Original Publication: Lausanne : Frontiers Editorial Office |
| مواضيع طبية MeSH: | Economics*, COVID-19/*economics , Commerce/*economics , Commerce/*statistics & numerical data, COVID-19/epidemiology ; China/epidemiology ; Humans ; Models, Economic ; Regression Analysis ; SARS-CoV-2 |
| مستخلص: | This paper analyses the effects of the Chinese Economic Policy Uncertainty (CEPU) index on the daily returns of Bitcoin for the period from December 31, 2019 to May 20, 2020. Utilizing the Ordinary Least Squares (OLS) and the Generalized Quantile Regression (GQR) estimation techniques, the paper illustrates that the current CEPU has a positive impact on the returns of Bitcoin. However, the positive impact is statistically significant only at the higher quantiles of the current CEPU. It is concluded that Bitcoin can be used in hedging against policy uncertainties in China since significant rises in uncertainty leads to a higher return in Bitcoin. JEL Codes: G32; G15; C22. Competing Interests: The authors declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest. (Copyright © 2021 Chen, Lau, Cheema and Koo.) |
| References: | J R Soc Interface. 2014 Oct 6;11(99):. (PMID: 25100315) PLoS One. 2015 Apr 15;10(4):e0123923. (PMID: 25874694) Financ Res Lett. 2020 Jul;35:101607. (PMID: 32550843) Financ Res Lett. 2021 Jan;38:101625. (PMID: 36569647) |
| فهرسة مساهمة: | Keywords: COVID-19 pandemic; Chinese economy; EPU; bitcoin; cryptocurrency markets |
| تواريخ الأحداث: | Date Created: 20210329 Date Completed: 20210413 Latest Revision: 20230919 |
| رمز التحديث: | 20231215 |
| مُعرف محوري في PubMed: | PMC7991402 |
| DOI: | 10.3389/fpubh.2021.651051 |
| PMID: | 33777889 |
| قاعدة البيانات: | MEDLINE |
Full Text Finder | تدمد: | 2296-2565 |
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| DOI: | 10.3389/fpubh.2021.651051 |